Oil Prices

Price per barrel of WCS oil in US dollars.

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WTI Oil ($US/bbl)

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Analysis

PUBLISHED - Mar 28, 2018

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$62.23 a barrel in February 2018, 16.4% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers for oil, averaged US$37.72 a barrel in February 2018, 3.6% lower than it was a year earlier. The differential of WTI over WCS was US$24.51 in February 2018.